Shares in Hong Leong Financial Group Bhd have seen
the highest jump in 5-day average volume over its 30-day volume
among the index components, Thomson Reuters data shows.
The stock's 5-day average volume surged to 1.3 million
shares, more than twice its 30-day average volume of 438,583
shares. The data is based on Friday's close.
Of the four analysts covering the stock, three give it a
'strong buy' or 'buy' rating while one has a 'hold'. One of the
four analysts has cut EPS estimates on the company for 2013 and
2014 by one percent each over the past 30 days.
The stock currently trades at 58 percent of its intrinsic
value of 22.14 ringgit. It is up over 10 percent so far this
year, while the broader index is up nearly 9 percent for
the same period as of Friday's close.
On Oct. 11, Moody's Investors Service assigned long-term
local currency and foreign currency issuer ratings of Baa1 to
Hong Leong Financial Group Berhad (HLFG), with a stable outlook.
This was the first time that Moody's assigned international
rations to HLFG and is a measure of the company's financial
strength and credit profile
(Reporting By Reshma Apte; Editing by Sunil Nair)